- Conduct comprehensive survey of America’s energy reserves
- Open America’s energy reserves for development
- Expand opportunities for U.S. resource developers to forge partnerships with neighboring countries
- Support construction of pipelines to bring Canadian oil to the United States
- Prevent overregulation of shale gas development and extraction
A Wood Mackenzie study analyzing the energy supply and government revenue implications of enacting policies in the U.S. that encourage development of North American resources found the following:
Total potential jobs impact: Approximately 1 million jobs by 2018 and more than 1.4 million jobs by 2030.
Total cumulative potential government revenue: Additional $36 billion by 2015 and nearly $803 billion by 2030.
Total Potential Production impact: By 2015, an additional 1.27 million barrels of oil equivalent per day (BOE/D) could be produced, rising to 10.4 million BOE/D by 2030. Over the period 2012 to 2030, it is estimated an additional cumulative 35.4 billion BOE/D of reserves could be produced through development policies. As a reference, we currently import 4,885,000 barrels per day of crude oil from OPEC countries.
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